3 Williams Company uses a periodic inventory system. The following are inventory transactions for the month of March:3/1 Beginning Inventory5,000 units at $23/7 Purchase2,500 units at $33/16 Purchase3/26 Sales at $8 per unit2,500 units at $47,500 unitsWilliams uses the weighted average method to determine the value of its inventory. What amount should Williams report as cost of goods sold on the incomestatement for the month of January?

Name: 3 Williams Company uses a periodic inventory system. The following are
Uploaded: 2024-03-20T06:32:37.000Z
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Description: 3 Williams Company uses a periodic inventory system. The following are inventory transactions for the month of March:3/1 Beginning Inventory5,000 units at $23/7 Purchase2,500 units at $33/16 Purchase3/26 Sales at $8 per unit2,500 units at $47,500 uni

The cost per unit under weighted average method is calculated as total cost of goods sold divided by…

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Williams Company uses a periodic inventory system. The following are inventory transactions for the month of March: 3/1 Beginning Inventory 5,000 units at $2 Purchase 2,500 units at $3 3/7 3/16 Purchase 2,500 units at $4 7,500 units 3/26 Sales at $8 per unit Villiams uses the weighted average method to determine the value of its inventory. What amount should Williams report as cost of goods sold on the income tatement for the month of January?